Chevron increased its dividend this week for the first time in a year and a half.
Photo: Flickr.com/Jack Snell

Oil giant Chevron, which has fallen on difficult times with the drop in oil prices, announced its first dividend increase in a year and a half, extending its dividend growth streak to 31 years.  Other notable announcements this week were insurer AFLAC, with a 16% increase, and water utility SJW Corporation with a 29% increase.  There were three other announcements of dividend increases from long time dividend growth stocks – read on for the details….

Dividend Increases Announced This Week

AFLAC (AFL)

Industry: Financial – Insurance

Dividend Payment: 52 cents per share – up 15.6% from prior level of 45 cents

Dividend Paid On: 3/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/20

Number of Years of Dividend Increases: 36

Current Forward Yield: 2.34%

 

Black Hills Corporation (BKH)

Industry: Utility – Diversified

Dividend Payment: 47.5 cents per share – up 6.7% from prior level of 44.5 cents

Dividend Paid On: 3/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/14

Number of Years of Dividend Increases: 47

Current Forward Yield: 3.53%

 

Chevron (CVX)

Industry: Oil & Gas

Dividend Payment: $1.12 per share – up 3.7% from prior level of $1.08

Dividend Paid On: 3/12

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/15

Number of Years of Dividend Increases: 31

Current Forward Yield: 3.78%

 

California Water Service Group (CWT)

Industry: Utility – Water

Dividend Payment: 18.75 cents per share – up 4.2% from prior level of 18 cents

Dividend Paid On: 2/23

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/9

Number of Years of Dividend Increases: 51

Current Forward Yield: 1.81%

 

Polaris Industries (PII)

Industry: Consumer Goods – Recreational Vehicles

Dividend Payment: 60 cents per share – up 3.4% from prior level of 58 cents

Dividend Paid On: 3/15

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/28

Number of Years of Dividend Increases: 23

Current Forward Yield: 2.18%

 

SJW Corporation (SJW)

Industry: Utility – Water

Dividend Payment: 28 cents per share – up 28.7% from prior level of 21.75 cents

Dividend Paid On: 3/1

Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 2/9

Number of Years of Dividend Increases: 51

Current Forward Yield: 1.90%

 

Dividend Increase Announcements Expected Next Week

Church & Dwight Company (CHD)

S&P Global, Inc. (SPGI)

WGL Holdings (WGL)